InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    NZD/USD Trading Recommendations 17th June 2016

    analytics57635dddbdb25.png

    Show full picture

    NZD/USD dropped perfectly as expected and hit our profit target before bouncing up again. Now we're looking to sell on strength closer to the 0.7100 level for a drop again to 0.6975. The stochastic (21) is reaching resistance once again, where we expect the price to drop off correspondingly.

    0.7110 is a graphical resistance of the first wave i in close and 0.7110 is a 1.0 fibonacci projection of wave iv.

    Trading recommendation:

    Sell at 0.7100

    Stop loss at 0.7150

    Take profit at 0.6975


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree